Private equity exec confident on Clear Channel deal

WASHINGTON (Reuters) - A managing director of Thomas H Lee, one of the private equity firms behind the near $20 billion buyout of U.S. radio operator Clear Channel Communications Inc, said on Tuesday he was confident the deal would go through.

"We continue to be confident that the Clear Channel deal is going to get done," Richard Bressler, managing director at Thomas H Lee Partners, said after a congressional hearing in Washington, D.C.

The market has been nervous about the buyout closing as the credit turmoil made financing large leveraged deals tough to do.

(Reporting by Peter Kaplan, writing by Megan Davies, editing by Maureen Bavdek)